The Startup Ecosystem of Hangzhou

Hangzhou has 416 startups in our sample database. This represents about 8% of China’s startups. Hangzhou is the 4th best startup ecosystem in China.

CITY RANKING

While Hangzhou decreased by 5 spot in its global rank in the Global Startup Ecosystem Index of 2023, its ranking in China remained stable at 4 nationally since 2022.

National Ranking

4th
0
In China

Regional Ranking

6th
0
In East Asia

Global Ranking

35th
-
5
Worldwide

Startups

Hangzhou Top Startup Industries

Transportation icon
Transportation
#14 worldwide

21 startups

Marketing & Sales icon
Marketing & Sales
#25 worldwide

19 startups

Social & Leisure icon
Social & Leisure
#26 worldwide

35 startups

Ecosystem HealthCheck

Hangzhou Ecosystem Health Check

The health check tables allow you to look at the performance Hangzhou has in each of the parameters that are part of StartupBlink's ranking algorithm. There are five tables, corresponding to the three subscores, the subscore analysis and industry ana...

  • Overperformance
  • Performance equal to global ranking
  • Underperformance
ParameterParameter Global rankParameter rank change since 2022ResultContribution to total scoreRank gain / loss due to parameter
Total Score35-521.057100%0
Quantity Score72-101.4646.95%-2
Sample size of startups45-63906.17%0
Sample size of accelerators341-477-10210.05%0
Sample size of coworking spaces269-28063140.4%0
Community Score258-632690.030.14%0

ECOSYSTEM

Browse the startup ecosystem database of Hangzhou

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Ecosystem

The Startup Ecosystem in Hangzhou

Our startup ecosystem map for Hangzhou includes a sample of 416 tech companies. We have identified as unicorns 11 startups that have passed the USD 1 billion valuations. Contributing to the vitality of this startup ecosystem are the 2 pantheon member entities. Get the Pro account for unrestricted insights on this ecosystem.

Global Rank

Hangzhou is ranked within the top 40 startup ecosystems globally.

Top Industries

Hangzhou’s startups excel particularly in Transportation where it ranks 14 and in Marketing & Sales, and Social & Leisure. Find out more

Top Cities for Startups in China - Ranked by StartupBlink
StartupBlink ranks the startup ecosystems of 100 countries and 1,000 cities. Download our latest Global Startup Ecosystem Report.
Rows:
2023 National Rank & Change ▲
2023 National Rank & Change City
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Global Rank & ChangeTotal Score
Access subscores for 1000 cities and 100 countries
Quantity Score
Quality ScoreBusiness Score
1st
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6th
0
99.019
00.00
00.00
00.00
2nd
0
7th
0
67.567
00.00
00.00
00.00
3rd
0
16th
+
2
35.292
00.00
00.00
00.00
4th
0
35th
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5
21.057
00.00
00.00
00.00
5th
0
36th
0
20.184
00.00
00.00
00.00
6th
0
45th
+
6
14.297
00.00
00.00
00.00
7th
+
3
69th
+
88
8.986
00.00
00.00
00.00
8th
-
1
97th
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19
7.257
00.00
00.00
00.00
9th
0
123rd
+
4
5.702
00.00
00.00
00.00
10th
-
2
125th
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11
5.629
00.00
00.00
00.00
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Startups

Notable Startups in Hangzhou
LianLian Pay startup icon
LianLian Pay
Hunliji startup icon
Hunliji
Souche startup icon
Souche

Startups

Successful Transportation startups in Hangzhou
KUAIHUOYUN.COM startup icon
KUAIHUOYUN.COM
PANEX startup icon
PANEX
Surron startup icon
Surron

ECOSYSTEM

Why should you join Hangzhou's Startup Ecosystem?

Overview

Within Hangzhou there is an increased attraction for entrepreneurs to set up their startups in industries such as Transportation, Marketing & Sales, Social & Leisure. These three industries represent about 18% of the startups represented on the Startup Ecosystem Map of Hangzhou.

4th

National Rank

6th

Regional Rank

Overview

Hangzhou is China's 4th best startup ecosystem and is ranked 6th in East Asia. With a population of 2M - 10M people, Hangzhou is ranked 35th in the world. The city has some notable startup success stories including LianLian Pay and its startup ecosystem infrastructure is strengthened by organizations such as Ant Financial and Regus - Hangzhou, China Resources.

Featured Startup Ecosystems

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